Updated: Investec shares the wealth with income increase

Investec will increase the return on its five-year Capital Guaranteed FTSE 100 Income Plan 2 by 40 basis points due to changing market conditions.

The plan was originally advertised to pay investors 6% a year, provided that the FTSE 100 Index did not fall by more than 50% in any one year, in which case payments are suspended for that period.

The plan was opened for subscription on June 1 and closes on July 10 and will apply to monies already received from investors for a plan that is due to start on July 27. The same hike in the return will be offered on Plan 3, which is already being marketed.

"Specifically market rates moved such that

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